Temenos, formerly known as Avoka, has long recognized what customers care about. As the world leader in banking software for financial institutions, Temenos knows that opening an online account can be a deal-breaker for even the most digitally-savvy customers if the process is difficult or time-consuming. That’s why Temenos has partnered with Envestnet | Yodlee to help financial service providers simplify account opening and reduce customer abandonment. As a valued channel partner, Temenos resells the Envestnet | Yodlee Account Verification solution on their Avoka Exchange. With Envestnet | Yodlee Account Verification, financial institutions can quickly validate ownership of financial accounts. Using this solution, financial institutions can also get full account numbers and routing numbers for a frictionless process, which helps ensure that ACH funding transactions occur. A typical challenge for account verification is market coverage, with traditional data aggregation providers limited in the number of financial institutions they can pull from to return a full account number and bank routing number for a consumer. Temenos says they chose Envestnet | Yodlee because our company offers the best data coverage, enabling a seamless customer experience. Another challenge, especially for financial institutions, is accounts that are opened but not funded, since these types of accounts become inactive accounts that financial institutions aren’t earning any revenue off of. By enabling quick account verification while managing risk, Envestnet | Yodlee Account Verification prepares accounts for faster funding, benefiting consumers and financial institutions alike. In addition to offering Envestnet | Yodlee Account Verification as a stand-alone solution for financial service providers, Temenos uses Envestnet | Yodlee Account Verification inside their Springboard Deposit Account Opening software. This out-of-the-box, configurable account opening solution solves for challenges associated with compliance, regulatory laws, fraud mitigation, data pre-fills, account funding, account verification, and more. Small banks and credit unions that need more guidance on creating digital onboarding experiences find that Temenos and Envestnet | Yodlee make it easy to deliver the streamlined, digital onboarding experiences customers expect. In the future, Temenos plans on delivering a Springboard product for small business loans to help banks deliver a seamless, instant, and extremely effective lending experience. Not only does Temenos understand the rising importance of digital customer acquisition, they’re acquiring many new customers themselves by teaming up with Envestnet | Yodlee to help companies master it. Want to learn more about increasing online customer acquisition with a seamless customer experience and easy account opening process? Watch this American Banker webinar featuring Envestnet | Yodlee, Forrester Research, and Temenos (formerly known as Avoka). Interested in becoming an Envestnet | Yodlee Channel Partner? Find out more about partnering with us. The customer experience during onboarding is the first impression the customer has with a business. Together with Envestnet | Yodlee, Temenos is creating an elegant first digital experience.